SEI/USDT Shakes Off Bearish Influences, Continues Upward Correction
Login

SEI/USDT Shakes Off Bearish Influences, Continues Upward Correction

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Price activity in the SEI/USDT daily market has rebounded upward. This happened following the dip seen in the previous session. The rebound has caused the market to increase by roughly 5% in today’s trading activities alone. Yet, the market suggests that more moves may still be seen, so let’s take a closer look.

Sei Statistics:
SEI Price: $0.4940
SEI Market Cap: $1,717,024,190
Circulating Supply of SEI: 3,524,861,111
SEI Total Supply: 10 billion
SEI CoinMarketCap Rank: 52

Key Price Levels:
Resistance: $0.5000, $0.5500, $0.6000
Support: $0.4500, $0.4000, $0.3500

SEI/USDT Shakes Off Bearish Influences, Continues Upward Correction

Sei Closes in on the $0.5000 Threshold

Price movement in the SEI/USDT daily market can be seen to have recovered from the previous minimal downward retracement. Consequently, the market seems set to cross above the $0.5000 price level. Furthermore, recent price activity has been hugging the upper limit of the Bollinger Bands (BB).

The previous session and the ongoing one reveal that the market seems to avoid further downward retracement as price action moves away from that part of the indicator. Meanwhile, the Stochastic Relative Strength Index (Stochastic RSI) can be seen shaping to deliver another upward crossover at the 80 mark of the indicator. This may strengthen bullish convictions in the market.

SEI/USDT Shakes Off Bearish Influences, Continues Upward Correction

SEI/USDT Market Stays Focused

The behavior of SEI’s price action suggests that market participants target higher price levels. On the 4-hour chart, a new session has begun, and the ongoing session remains bullish. Also, price action remains above the middle limit of the BB indicator. Similarly, the Stochastic RSI has just delivered a bullish crossover below the 50 mark of the indicator.

The resulting lines can be seen rising upwards toward the 50 mark. Technically, this aligns with the prevailing sentiment in the market. Consequently, crypto signals targeting the $0.5500 mark can still be used in this market.

Start using a world-class auto trading solution.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News